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System and method for prioritized automated trading in an electronic trading environment

  • US 8,688,562 B1
  • Filed: 09/27/2004
  • Issued: 04/01/2014
  • Est. Priority Date: 09/27/2004
  • Status: Active Grant
First Claim
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1. A computer-based method for prioritized automated trading in an electronic trading environment, the method comprising:

  • defining a first trading strategy and a second trading strategy at a computer device communicatively coupled with at least one electronic exchange, wherein the first trading strategy comprises a first rule for making a first trading decision for whether to submit a first order-related request to the at least one electronic exchange and the second trading strategy comprises a second rule for making a second trading decision for whether to submit a second order-related request to the at least one electronic exchange, where the first trading strategy and the second trading strategy are independent and non-sequential;

    defining at the computer device a first priority level and a second priority level for determine priority when the first and second trading strategies are to be executed substantially simultaneously;

    detecting by the computer device that the first and second trading strategies are to be executed substantially simultaneously; and

    executing by the computer device the first and second trading strategies in succession based on the first and second priority levels subsequent to the step of detecting.

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